#hotelexpansion

[phonemantra-blog]

IHG Hotels & Resorts, a world leader in the hospitality industry, is making a major splash in Vietnam. The company is strategically expanding its presence by introducing two exciting new brands – Hotel Indigo and Vignette Collection – to the Vietnamese market in 2024. This move underscores IHG's commitment to catering to the growing demand for unique and upscale hotel experiences in Vietnam, a country experiencing a tourism boom. IHG Hotels & Resorts Doubles Down IHG Unveils Hotel Indigo and Vignette Collection in Vietnam Hotel Indigo - A Celebration of Local Culture The first to arrive on the scene is Hotel Indigo, IHG's fastest-growing lifestyle brand. Slated to open soon in the heart of Ho Chi Minh City, Hotel Indigo Saigon The City promises an immersive experience that captures the essence of its vibrant neighborhood. Guests can expect the hotel's stunning property and grounds to reflect the sights, sounds, and flavors of Ho Chi Minh City, creating a truly authentic Vietnamese experience. Vignette Collection - Luxury Defined by Local Character Following closely behind is Vignette Collection, IHG's luxury and lifestyle brand renowned for its one-of-a-kind stays. The brand will make its Vietnamese debut with a hotel situated near the famous UNESCO Heritage Site in Hoi An, an ancient town on Vietnam's central coast. This upcoming property promises to embody the unique charm and rich history of Hoi An, offering guests a luxurious escape steeped in local character. IHG Responds to Vietnam's Soaring Tourism Industry IHG's decision to introduce these two new brands is a strategic response to Vietnam's burgeoning tourism industry. Domestic travel within the country has skyrocketed, with over 108 million trips recorded in 2023. The Hanoi to Ho Chi Minh City flight route remains one of the busiest in the world, reflecting the strong domestic travel market. International tourism is also flourishing, with Vietnam proving particularly popular with visitors from the US, South Korea, and China. International arrivals are on track to reach a record-breaking 18 million in 2024, exceeding pre-pandemic levels. The first quarter of 2024 alone saw a remarkable 4.6 million international arrivals. A Positive Outlook Fuels IHG's Growth Strategy "Following the successful launch of voco hotels in Danang last year, we are thrilled to introduce even more exceptional IHG brands to Vietnam in 2024," says Paul Cunningham, Senior Director of Operations for Southeast Asia and Korea at IHG. "This includes Hotel Indigo, our fastest-growing lifestyle brand, in Ho Chi Minh City, and Vignette Collection, bringing its unique hospitality experience to the UNESCO Heritage Site of Hoi An." Cunningham goes on to highlight, "With the introduction of these two brands, our Vietnamese portfolio expands to eight IHG brands, offering diverse stay experiences to cater to every type of traveler." IHG's optimism regarding Vietnam's tourism sector is fueled by several positive indicators. Domestic travel remains strong, and international demand continues to rise, particularly within Asia. The expanding middle class and growing GDPs across Asian countries are key drivers of this trend. Additionally, new flight routes connecting Vietnam with major cities like New Delhi, Manila, Sydney, and Munich are expected to further fuel tourism growth. IHG Continues to Expand its Portfolio Across Vietnam Beyond introducing Hotel Indigo and Vignette Collection, IHG is actively expanding its presence across various destinations in Vietnam. InterContinental Halong Bay Resort: Scheduled to open in 2025, this will be IHG's first property in Ha Long Bay, a breathtaking natural wonder. The InterContinental Halong Bay Resort promises to be a luxurious haven overlooking the iconic bay. Holiday Inn Resort Halong Bay: Following on the heels of the InterContinental in 2026, Holiday Inn Resort Halong Bay will cater to families and budget-conscious travelers seeking a fun-filled getaway in this picturesque location. InterContinental Thanh Xuan Valley: This ambitious project represents IHG's first foray into valley resorts in Vietnam. Nestled within the Thanh Xuan Valley near Vinh Phuc, the InterContinental Thanh Xuan Valley is slated to open within the next few years and promises a unique resort experience amidst stunning natural beauty. Positioned for Continued Growth "With 18 hotels currently operational and a pipeline of 26 additional properties, we see immense potential for growth in Vietnam," says Cunningham. "Entering new destinations like Ha Long Bay, Hoi An, and Vinh Phuc signifies our commitment to exploring exciting opportunities across the country."

[simplicityrealestate]

Disney World hotel set to expand to 604 rooms in 2021

[phonemantra-blog]

Hyatt Hotels Corporation (NYSE: H) is experiencing a surge in growth across Latin America and the Caribbean. The company recently announced plans to open over 30 new hotels in the region by 2027, solidifying its commitment to this thriving travel market. This expansion caters to diverse traveler needs, offering a wider range of experiences from luxurious resorts to authentic local stays. Hyatt Doubles Down Strategic Growth Fueled by Diverse Offerings Hyatt's expansion strategy in Latin America and the Caribbean is driven by several key factors: Robust Travel Demand: The travel industry in the region is experiencing a significant rebound, with travelers seeking out new and exciting destinations. Hyatt's expansion caters to this rising demand by offering a wider variety of accommodation options. Effective Asset-Light Strategy: Hyatt prioritizes an asset-light model, focusing on management agreements and franchising rather than direct hotel ownership. This allows for faster and more efficient growth across the region. Strategic Acquisitions: The 2021 acquisition of Apple Leisure Group significantly bolstered Hyatt's presence in the all-inclusive resort market, particularly in Mexico and the Caribbean. "Hyatt's brand growth in Latin America & the Caribbean is fueled by robust travel across all customer segments and our effective execution of an asset-light strategy," said Camilo Bolaños, Senior Vice President of Development for Latin America & the Caribbean at Hyatt. This strategic approach has yielded impressive results. Since 2017, Hyatt has: Doubled its luxury rooms in the region. Tripled its resort rooms. Quintupled its lifestyle rooms. As a result, Hyatt boasts the world's largest portfolio of luxury branded rooms in resort locations. Expanding the Destination by Hyatt Brand The Destination by Hyatt brand offers a unique collection of independent hotels, resorts, and residences. These properties cater to travelers seeking authentic experiences that are deeply rooted in the local culture. Hyatt plans to introduce the Destination by Hyatt brand to two new markets in Latin America & the Caribbean: The Legend Paracas Resort (Peru): This beachfront resort, located south of Lima, is expected to join the Destination by Hyatt portfolio in the summer of 2024. Following a renovation project, it will offer guests a luxurious escape with easy access to the Paracas Natural Reserve and Paracas Bay. Cas En Bas Beach Resort (St. Lucia): Nestled on the northern tip of St. Lucia, this resort boasts a secluded beachfront location and proximity to championship golf courses. Scheduled to open in early 2025, it will feature contemporary residential-style studios and suites, ideal for discerning travelers seeking a luxurious escape. "Expanding the Destination by Hyatt brand into Latin America & the Caribbean highlights our commitment to delivering unique experiences within our distinct Independent Collection portfolio," said Katie Johnson, Vice President and Global Brand Leader of the independent Collection at Hyatt. These new additions will allow travelers to experience the rich cultures and landscapes of Peru and St. Lucia through a curated and personalized lens. Unparalleled All-Inclusive Experiences with Hyatt's Inclusive Collection Hyatt's Inclusive Collection offers a variety of all-inclusive resorts across Mexico and the Caribbean. These resorts cater to families, couples, and adult-only segments, providing a seamless vacation experience with exceptional service, gourmet dining, and thoughtful amenities. The Inclusive Collection continues to expand its footprint in the region with recent openings including: Dreams Estrella del Mar Mazatlán Golf & Spa Resort: A family-friendly resort offering a variety of activities and amenities for all ages. Sunscape Coco Punta Cana & Sunscape Dominicus La Romana: Offering a vibrant and fun atmosphere for families seeking an all-inclusive getaway. Impression Moxché by Secrets and Impression Isla Mujeres by Secrets: Luxury all-inclusive resorts catering to the adults-only segment, featuring exceptional service and world-class amenities. Secrets Tides Punta Cana, Secrets Playa Blanca Costa Mujeres, and Hyatt Vivid Grand Island: Additional adults-only resorts offering sophisticated getaways in stunning locations. Hyatt's commitment to growth in the all-inclusive segment is further underscored by upcoming openings in key destinations: Dreams Curacao Resort, Spa & Casino (adults-only expansion): Scheduled to debut in July 2024, this expansion will feature a new "IL MARE" section offering luxurious beachfront accommodations with modern design and exclusive amenities. Dreams Bahia Mita Surf & Spa Resort (family-friendly expansion): Opening in summer 2024, this expansion will add new rooms, a restaurant, and multiple pools, catering to families with children of all ages.